For Sale
$195,000

5674 Ny-52 Kenoza Lake, NY 12750

Historic 12,000 sq ft Inn on 13 acres

Overview

Added:
Dec 11, 2024
Days on market:
133
This unique redevelopment opportunity presents the chance to acquire The Fern Inn, a 12,000 square foot historic bed and breakfast situated on 13 acres in Kenoza Lake, New York. Located at 5674 NY-52, Sullivan County, this property offers significant potential for restoration and renovation. The asking price is $195,000, translating to $24.58 per square foot. The property consists of one building and features a fee simple ownership. Town of Delaware tax map # 2600-027-0-0001-011-000. Annual property taxes are approximately $5,400. The property's zoning allows for adaptive reuse of older residential structures, aligning with its historic character and the area's tourism economy. This presents a multitude of options for expansion and repurposing, beyond its original use as a bed and breakfast. Owner financing is available with a 30% down payment and a 70% balance at interest-only monthly payments over five years, with no fees or prepayment penalties. This attractive financing option allows for the acquisition and subsequent securing of permanent financing once operational. The property's size, location, and historical significance make it an exceptional investment prospect.

Highlights

  • Exceptional adaptive reuse opportunity.
  • Prime location with high visibility and foot traffic.
  • Significant historical character and architectural details.
  • Flexible zoning allows for diverse commercial uses.

Property Details for 5674 Ny-52

Property type
Hospitality properties, Hotels
Square Feet
12,000 SF
Buildings
1
Lot Size (sq. ft)
566,280 SF

Location Insight

City
Kenoza Lake
County
Sullivan
State
New York
Latitude
41.7334561
Longitude
-74.9496779

FAQs

What type of property is this?
Hospitality property - Historic 12,000 sq ft Inn on 13 acres
Where is the hospitality property located?
The property is located at 5674 Ny-52 Kenoza Lake, NY.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Exceptional adaptive reuse opportunity.; Prime location with high visibility and foot traffic.; Significant historical character and architectural details.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5674 Ny-52
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